Registering a Private Limited Company gives many benefits. Unique features of a private limited company include limited liability protection to shareholders, ability to raise equity funds, separate legal entity status, perpetual existence etc. making it the most recommended type of business entity for millions of small and medium-sized businesses that are family-owned or professionally managed. Registering your Private Limited Company offers the following benefits.
Private Limited Company
A private limited company is a privately owned business entity with a business structure that limits the liability of the owners to their shares and restricts shareholders from publicly trading shares. Private Limited Company is the most popular type of corporate legal entity in India and needs to get registered with Ministry of corporate affairs - MCA.
A private limited company, can be registered with a minimum of two shareholders and two directors. While an individual person can be both a director and shareholder, a corporate legal entity can only be a shareholder. Foreign nationals, foreign corporate entities or NRIs can be Directors and/or Shareholders of a Company with Foreign Direct Investment, hence ideal for foreign promoters.
With focused expertise and thorough knowledge of Indian Company Laws, Bizpole offers complete and professional Private Limited Company incorporation service. We provide services for:-
- Registering your directors with the MCA (Ministry of Corporate Affairs)
- Getting guidance in choosing the right company name
- Drafting your company's MoA and AoA
Our specialized assistance enables you to establish your new Indian business entity with the fastest turnaround at a most competitive cost.
Benefits of registering a Private Limited Company
- Protects & shields from personal liability and other risks and losses.
- Ease in procuring bank credits and good investment from reliable investors.
- Liability protection to help protect your company’s assets.
- Increased capital contribution and stability.
- Helps attract more customers.
- Improved potential in growth and expansion
Obtain Digital Signature Certificate/DSC
Digital Signature Certificates (DSC) are the digital equivalent of physical or paper certificates. Digital signature certificate is required for filling of e-forms on the portal of MCA.
Obtaining Director Identification Number (DIN)
Director Identification Number or DIN is a unique identification number given by the Ministry of Corporate Affairs. Getting DIN is mandatory for getting an appointment as a Director of any company. The DIN can be used for other company formation.
Application for Company Name availability
The applicant or applicants need to propose one or more suitable name for the company. We recommend at least three to four alternative names during the approval stage of Private Limited Company Registration. The Ministry of Corporate Affairs review, tally and approve one of the names requested by the applicant based on the available rules and regulations.
Filing for Incorporation of Private Limited Company
Once the name of the company is approved, the following documents should be submitted along with the application and the prescribed fee.
- Articles of Association (AOA)
- Affidavits of the Directors
- Declaration from Directors
- Memorandum of Association (MOA)
As per the Companies Act 2013, a subscriber has to sign his or her name. Each subscriber must have at least one share of the company and must sign over the memorandum containing the following statements in presence of at least one witness:
- Personal Description
- No of shares subscribed
- Nature of shares
Certificate of Incorporation by RoC with PAN and TAN
On approval of the company registration process, the certificate of company incorporation along with PAN and TAN is issued by the Registrar of Companies. After incorporation, the company becomes a legal entity.
Opening a current bank account on company name
Once the company has received the Certificate of Incorporation, you can officially open a current bank account and begin your business operations.
To register a Private Limited company in India proper identity proof and address proof for all the directors and the shareholders are necessary. Listed below are the documents that are required by MCA for the online company registration.
- Pan Card of Director or Passport (Foreign Nationals & NRIs)
Address proof of Director
- Aadhar Card copy
- Driving License copy
- Passport Copy
- Election Card copy
Residing Proof of director
- Bank Statement
- Telephone Bill
- Gas/Electricity Bill
- Passport Size Photograph & specimen signature (blank document with signature [directors only])
Address Proof of Business
- Electricity Bill or property tax receipt or water bill
- Sale deed/property deed in English if owned
- Owner Noc if on Rent
- Owner Pan card if on rent
- Rent Agreement
The process to register a private limited company can seem to be complex and time-consuming. As a reputable firm offering company incorporation services, Bizpole have years of experience in helping numerous clients form their Private Limited Company. The Private Limited Company Registration process is done entirely online. From the time of your enquiry to collecting and arranging documents, submitting application/documents to MCA, we are in constant touch with you during the entire journey until you have registered your company successfully.
Bizpole Company Registration services includes:
- DIN and DSC for two Directors
- Drafting of MoA & AoA
- Handling of Registration fees and stamp duty
- Obtain Company Incorporation Certificate
- Obtain Company PAN and TAN